Restore Louisiana Task Force March 17, 2017 Agenda Timelines - PowerPoint PPT Presentation

Restore Louisiana Task Force March 17, 2017

Agenda Timelines Restore LA Homeowner Assistance Program • Implementation Timeline Action Plan and APA 1 • Restore LA Homeowner Assistance Program RFPs • Restore LA Small Business NOFA and Program • Implementation Restore LA Small Business Technical Assistance • Program

Homeowner Program Implementation

OCD-DRU Timeline: $437,800,000

OCD-DRU APA 1 Timeline: $1,219,172,000

Homeowner Program Manager RFP

Homeowner QA/QC RFP

Restore LA Small Business Program NOFA

Restore Louisiana Small Business Program

Restore Louisiana Small Business Program  Lender Eligibility Criteria: Non-Profits • Community Development Finance Institutions • Credit Unions • Track record and/or capacity to provide loans to • small businesses Has established offices in Louisiana •  Additional Information on Program NOFA and Program Guidelines: http://www.doa.la.gov/Pages/ocd- dru/GF_EcoDev_Programs.aspx

Restore Louisiana Small Business Program  Small Business Program Eligibility Criteria: Small Businesses and Non-Profit Organizations • 1-50 Full Time Employees • Minimum $25,000 annual gross revenues (pre-flood) • Was operating at the time of the flood event • Has an eligible unmet need, after accounting for • DOB Experienced either a financial or physical loss as a • result of one of the 2016 flood events Phase I: Essential Services: gas stations, locally • owned restaurants, daycares, healthcare providers, grocery stores, etc.

Restore Louisiana Small Business Program  Eligible Uses of Funds: Working Capital (rent/mortgage, utilities, non- • owner employee wages, inventory) Movable Equipment • Construction-related expenses are NOT eligible •  Award Structure: Up to $50,000 loan for eligible unmet needs • 80% repayable; 20% forgivable • 0% Interest • Up to 5 years repayment term •

Restore Louisiana Small Business Technical Assistance

Restore Louisiana Small Business TA  Implemented by regional Small Business Development Centers  Will provide Technical Assistance small businesses: Business Recovery and Continuity Plans • Financial Projecting and Planning • Disaster Preparedness Planning • The Small Business Loan Program will refer • businesses to Small Business Development Centers for Technical Assistance

Louisiana Farm Recovery Grant Program  Implemented by Louisiana Department of Agriculture and Forestry  Provides grants to approved farmers who experienced 2016 crop or livestock losses